Market Overview

UPDATE: Citigroup Downgrades Coca-Cola Femsa to Sell, Raises PT

Related KOF
Earnings Scheduled For July 24, 2017
FEMSA's (FMX) Strategic Measures Drive Growth: Time to Hold?

In a report published Friday, Citigroup downgraded its rating on Coca-Cola Femsa (NYSE: KOF) from Neutral to Sell, but raised its price target from $134.00 to $142.00.

Citigroup noted, “We are cutting our KOF 2013E consolidated EBITDA by 5%, reflecting weaker outlook in South America. We are lowering our South America 2013E EBITDA estimates by 11% based on weaker-than-expected exchange rates in Venezuela and Argentina, as well as lower selling prices in Colombia from heightened local competition. This is partially offset by a 2% higher EBITDA estimate at Mexico & Central America Division.”

Coca-Cola Femsa closed on Thursday at $144.93.

Latest Ratings for KOF

Oct 2016BarclaysMaintainsOverweight
Sep 2016CitigroupUpgradesSellNeutral
Sep 2016Credit SuisseUpgradesNeutralOutperform

View More Analyst Ratings for KOF
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Downgrades Analyst Ratings


Related Articles (KOF)

View Comments and Join the Discussion!

Partner Center